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Sunday night's market

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  • bucket
    Senior Member
    • Jan 2008
    • 17027

    Sunday night's market

    Any guesses either way as to where the market going tonight and reasons why.

    I am thinking a move higher as now seeding is being delayed, cooler temps.

    If it moves lower it is a buying opportunity for the chinese, considering what is happening with europe's winter crops being devastated.
  • cottonpicken
    Senior Member
    • Apr 2006
    • 6993

    #2
    Sunday night and friday afternoons are mandatory
    viewing for some.

    Comment

    • bucket
      Senior Member
      • Jan 2008
      • 17027

      #3
      I have some canola left. Had it targetted for 15 bucks, but the grainco changed the month they were pricing off, so it didn't trigger. The rep was some pissed off the company did that because when I put the target in and priced some other it was on May futures. Friday would have triggered it. And he would have had my canola.

      Hoping it moves up to get it out of the way or is there some upside left in this market.

      Comment

      • haveapulse
        Senior Member
        • Dec 2005
        • 374

        #4
        I think wheat will be the most interesting. Northern European winter crop damage is being quantified, and Canada has not forward supplied our crop to the world in our usual fashion!

        Hope springs eternal, but we may get to see market action in wheat for the first time in our lives... one can only hope that the perfect storm is about the unfold!

        Comment

        • furrowtickler
          Senior Member
          • Dec 2004
          • 21887

          #5
          Also, more and more reports from Mid-West frost damage from 2-3 weeks ago. Damage showing up as far south as North Caroliana.

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